EPS for Cathay General Bancorp (CATY) Expected At $0.60

September 17, 2017 - By Marie Mckinney

 EPS for Cathay General Bancorp (CATY) Expected At $0.60
Investors sentiment increased to 1.4 in 2016 Q4. Its up 0.34, from 1.06 in 2016Q3. It increased, as 20 investors sold Cathay General Bancorp shares while 53 reduced holdings. 25 funds opened positions while 77 raised stakes. 53.27 million shares or 1.63% more from 52.41 million shares in 2016Q3 were reported.
Legal & General Group Public Ltd Co stated it has 0% in Cathay General Bancorp (NASDAQ:CATY). Montana-based First Interstate National Bank & Trust has invested 0% in Cathay General Bancorp (NASDAQ:CATY). Texas Permanent School Fund invested 0.03% in Cathay General Bancorp (NASDAQ:CATY). Cap One Natl Association holds 0.1% of its portfolio in Cathay General Bancorp (NASDAQ:CATY) for 35,246 shares. Waddell Reed holds 358,920 shares or 0.03% of its portfolio. Connor Clark Lunn Inv Management Ltd reported 15,100 shares. Liberty Mutual Gru Asset Mgmt Inc has invested 0.05% in Cathay General Bancorp (NASDAQ:CATY). 489,121 are owned by Wedge Capital Mgmt L L P Nc. Quantbot Technologies L P invested in 0.01% or 1,638 shares. Panagora Asset Mngmt Inc has invested 0.05% in Cathay General Bancorp (NASDAQ:CATY). Oregon Pub Employees Retirement Fund holds 0.02% or 25,717 shares in its portfolio. Credit Agricole S A holds 84,996 shares. Voya Investment Lc accumulated 28,452 shares. Ameritas Ptnrs accumulated 28,787 shares. Loomis Sayles And Limited Partnership invested in 593,184 shares.

Since June 8, 2017, it had 0 insider buys, and 1 sale for $1.90 million activity.

Wall Street await Cathay General Bancorp (NASDAQ:CATY) to release earnings on October, 18. Analysts forecast earnings per share of $0.60, up exactly $0.02 or 3.45 % from 2014’s $0.58 EPS. The expected CATY’s profit could reach $48.54 million giving the stock 15.25 P/E in the case that $0.60 earnings per share is reported. After posting $0.64 EPS for the previous quarter, Cathay General Bancorp’s analysts now forecast -6.25 % negative EPS growth. The stock increased 0.30% or $0.11 on September 15, reaching $36.59. About 652,570 shares traded or 80.19% up from the average. Cathay General Bancorp (NASDAQ:CATY) has risen 23.23% since September 17, 2016 and is uptrending. It has outperformed by 6.53% the S&P500.

Cathay General Bancorp (NASDAQ:CATY) Ratings Coverage

Among 9 analysts covering Cathay Bancorp (NASDAQ:CATY), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Cathay Bancorp had 13 analyst reports since July 22, 2015 according to SRatingsIntel. The company was upgraded on Thursday, February 2 by Piper Jaffray. RBC Capital Markets maintained Cathay General Bancorp (NASDAQ:CATY) rating on Thursday, January 21. RBC Capital Markets has “Outperform” rating and $33 target. As per Wednesday, July 22, the company rating was maintained by RBC Capital Markets. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Buy” rating by Piper Jaffray on Monday, July 10. Keefe Bruyette & Woods maintained it with “Hold” rating and $3700 target in Monday, July 24 report. The firm earned “Buy” rating on Friday, July 7 by BMO Capital Markets. The firm has “Overweight” rating by PiperJaffray given on Thursday, February 2. DA Davidson maintained Cathay General Bancorp (NASDAQ:CATY) on Thursday, April 21 with “Neutral” rating. Wood maintained the stock with “Market Perform” rating in Monday, July 11 report. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, September 7.

Cathay General Bancorp is a bank holding company. The company has market cap of $2.96 billion. The Firm holds Cathay Bank, a California state-chartered commercial bank ; seven limited partnerships investing in affordable housing investments; GBC Venture Capital, Inc., and Asia Realty Corp. It has a 15.09 P/E ratio. The Firm also owns the common stock of five statutory business trusts created for issuing capital securities.

More notable recent Cathay General Bancorp (NASDAQ:CATY) news were published by: Seekingalpha.com which released: “Cathay General closes $352M purchase of SinoPac Bancorp” on July 14, 2017, also Seekingalpha.com with their article: “Cathay General Bancorp’s (CATY) CEO Pin Tai on Q2 2017 Results – Earnings Call …” published on July 20, 2017, Reuters.com published: “Sinopac sale of US unit to Cathay General at risk as deadline approaches” on June 16, 2017. More interesting news about Cathay General Bancorp (NASDAQ:CATY) were released by: Nasdaq.com and their article: “Ex-Dividend Reminder: Northern Trust, Washington Prime Group and Cathay …” published on August 28, 2017 as well as Seekingalpha.com‘s news article titled: “Cathay General Bancorp’s (CATY) CEO Pin Tai on Q4 2016 Results – Earnings Call …” with publication date: January 26, 2017.

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